discuss five macro objectives of the government of south africa.
In: Economics
In the region of South Texas name and explain the challenges that are faced.
In: Economics
6.2 Discuss the characteristics of 'Real Rights' in South Africa
In: Economics
discuss the role of paralegals with reference to the south african constitution
In: Finance
Problem 16-7AA FIFO: Process cost summary, equivalent units, cost estimates LO C2, C3, C4, P4
[The following information applies to the questions
displayed below.]
Dengo Co. makes a trail mix in two departments: roasting and
blending. Direct materials are added at the beginning of each
process, and conversion costs are added evenly throughout each
process. The company uses the FIFO method of process costing.
During October, the roasting department completed and transferred
23,000 units to the blending department. Of the units completed,
3,400 were from beginning inventory and the remaining 19,600 were
started and completed during the month. Beginning work in process
was 100% complete with respect to direct materials and 40% complete
with respect to conversion. The company has 2,800 units (100%
complete with respect to direct materials and 80% complete with
respect to conversion) in process at month-end. Information on the
roasting department’s costs of beginning work in process inventory
and costs added during the month follows.
| Cost | Direct Materials | Conversion | ||||
| Of beginning work in process inventory | $ | 10,300 | $ | 111,690 | ||
| Added during the month | 266,560 | 1,117,584 | ||||
Problem 16-7A Part 2
2. Prepare the journal entry dated October 31 to transfer the cost of completed units to the blending department. (Do not round your intermediate calculations.)
In: Accounting
Hemming Co. reported the following current-year purchases and sales for its only product.
| Date | Activities | Units Acquired at Cost | Units Sold at Retail | |||||||||||||
| Jan. | 1 | Beginning inventory | 280 | units | @ $13.20 | = | $ | 3,696 | ||||||||
| Jan. | 10 | Sales | 240 | units | @ $43.20 | |||||||||||
| Mar. | 14 | Purchase | 460 | units | @ $18.20 | = | 8,372 | |||||||||
| Mar. | 15 | Sales | 410 | units | @ $43.20 | |||||||||||
| July | 30 | Purchase | 480 | units | @ $23.20 | = | 11,136 | |||||||||
| Oct. | 5 | Sales | 450 | units | @ $43.20 | |||||||||||
| Oct. | 26 | Purchase | 180 | units | @ $28.20 | = | 5,076 | |||||||||
| Totals | 1,400 | units | $ | 28,280 | 1,100 | units | ||||||||||
Required:
Hemming uses a perpetual inventory system.
1. Determine the costs assigned to ending
inventory and to cost of goods sold using FIFO.
2. Determine the costs assigned to ending
inventory and to cost of goods sold using LIFO.
3. Compute the gross margin for FIFO method and
LIFO method.
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In: Accounting
Hemming Co. reported the following current-year purchases and
sales for its only product.
| Date | Activities | Units Acquired at Cost | Units Sold at Retail | |||||||||||||
| Jan. | 1 | Beginning inventory | 250 | units | @ $12.00 | = | $ | 3,000 | ||||||||
| Jan. | 10 | Sales | 200 | units | @ $42.00 | |||||||||||
| Mar. | 14 | Purchase | 400 | units | @ $17.00 | = | 6,800 | |||||||||
| Mar. | 15 | Sales | 360 | units | @ $42.00 | |||||||||||
| July | 30 | Purchase | 450 | units | @ $22.00 | = | 9,900 | |||||||||
| Oct. | 5 | Sales | 420 | units | @ $42.00 | |||||||||||
| Oct. | 26 | Purchase | 150 | units | @ $27.00 | = | 4,050 | |||||||||
| Totals | 1,250 | units | $ | 23,750 | 980 | units | ||||||||||
Required:
Hemming uses a perpetual inventory system.
1. Determine the costs assigned to ending
inventory and to cost of goods sold using FIFO.
2. Determine the costs assigned to ending
inventory and to cost of goods sold using LIFO.
3. Compute the gross margin for FIFO method and
LIFO method.
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In: Accounting
Which of these constitute credible fossil evidence for the oldest life on Earth?
-The stromatolites from the Barberton Mountain Land in South Africa.
-Large, up to 300 µm in diameter spheroids made up of isotopically light carbon found in the Moodies Group (South Africa).
-Cyanobacterial fossils from the Apex Chert in Australia.
-Zircon crystals from the Jack Hills Conglomerate in the Yilgarn Block, Western Australia.
In: Biology
The centralized employee Travel Department of Ohno Company has expenses of $106,600. The department has serviced a total of 8,200 travel reservations for the period. The South Division has made 6,232 reservations during the period, and the West Division has made 1,968 reservations.
How much should each division be charged for travel services? Do not round interim calculations.
| South Division | $ |
| West Division | $ |
In: Accounting
South Africa has a high unemployment rate, researchers have suggested that the SA government should adopt expert-led growth policies to address this problem given that increasing exports has the potential to increase productivity, should the South African government increase its economic openness without government regulation of any kind? 100 words
please give additional insight
thank you
In: Economics